Uralkali details Board decisions

The Board has resolved to convene an Extraordinary General Meeting of Shareholders in the form of absentee voting on 29 August 2016.

Uralkali has announced the following decisions taken by its Board of Directors at a meeting on 19 July 2016:

The Board approved amendments to the securities issue resolution in terms of the Company’s Exchange Traded Bonds Programme. Suggestions were made that EGM approves the placement of the Company’s Exchange Traded Bonds in favour of JSC Uralkali-Technology with a total nominal value of US$ 800 million and with a value of US$1000 per one bond.

The Board has resolved to convene an Extraordinary General Meeting of Shareholders in the form of absentee voting on 29 August 2016.

As per the Joint Stock Companies Law, the Board has determined the price, conditions and order of PJSC Uralkali shares buyback from shareholders who have the right to claim buyback of all or part of their shares, if they voted against the major interested party transactions or did not participate in voting on this matter. The buyback price determined by the Board is RUB 159.20 per one share of the Company.

The total amount of funds which may be spent by PJSC Uralkali for the purpose of share buyback cannot exceed 10% of the value of PJSC Uralkali’s net assets as of the date of the decision which triggered shareholders’ right to claim buyback of their shares by the company. If the total number of shares, submitted by shareholders for the buyback, exceeds the total number of shares which can be bought back by the company in compliance with the limitation described above, shares must be bought back from shareholders on a pro rata basis.

The Board of Directors decided to convene an Extraordinary General Meeting of Shareholders on 27 September 2016.